Member Info for Boyobach

'Shaikan but not stirred'
How things have moved since Jan 1st:
https://invst.ly/phskq

Yes - means that G will have received its share from that payment.

Oil markets will soon have to rethink predictions of ‘ample’ global supply, [Bahrain] minister says
https://www.hellenicshippingnews.com/oil-markets-will-soon-have-to-rethink-predictions-of-ample-global-supply-minister-says/

Yes - quite telling that, apart from a slight lift in opening price which didn't last, G's sp reaction has been indifferent. DNO sp reacted far more.
https://invst.ly/phqdg

apologies - had not seen Tartine's earlier thread and replies.

https://www.globenewswire.com/news-release/2020/01/14/1969973/0/en/DNO-Operations-Update-2019-Production-Climbs-29-Percent-on-the-Back-of-Acquisitions-Record-Drilling.html

EIA numbers! (not IEA)!

.....trumps ME tensions and trade expectations:
Good quote from an oil risk expert:
"It is easier for crude oil to sustain a rally on no news, or just the weekly U.S. stock data, than to sustain a rally on flying missiles.”
Article on perceived risk of oversupply following last week's IEA numbers 'showing huge inventory builds':
https://uk.investing.com/news/commodities-news/oils-losses-deepen-oversupply-feared-above-iran-tensions-china-deal-2030056

Yes Ocelot - similar number on Investing.com.
2.35m on 6th Jan though.

Genel has been a 'Jam Tomorrow' company since the Turkish company came onto the London market via the Vallares RTO and the days of 'Tony and Guys' nine years ago. However, the current management team have overseen a controlled turnaround which was bound to take time. My feeling has been to stay on board but I always sit near the emergency exit with my life-vest on.

As Hawkey has taken my 222 slot (Ha! - he obviously knows it's going to be a winner) I've gone for a more likely number near Champ Bunks (it's more likely because he has an enviable track record). However, if the update is as spectacular as we all hope then 222 may well prove to be conservative and I'll be joining JL to share a couple of magnums of Bolly down at his local. GLA

Wolfbag 186
Callanzane 190
broadband 192
Champ Bunks 194
Boyo 197
ocelot 200
Withoutt 202
H70 206
Hawkey 222

Well done bunks. Highly deserved.
I think you introduced a rule about the winner making the first entry for next week.....

.... listen to Sistani? As I said earlier in the week, we should hope Iraqi politicians representing all tribal and sectarian groups do so. At today's prayers the most senior and influential Iraqi Shi'ite cleric continued to be the voice of reason, solidarity and unity in this tormented country. From ME Online:

In a message delivered through a representative speaking at Friday prayers in the holy city of Kerbala, Iraq's Grand Ayatollah Ali al-Sistani said the series of attacks were a violation of sovereignty and that no foreign powers should be allowed to decide Iraq's fate. "The use of over-the-top methods by different sides which possess power and influence ... will only entrench the crisis and prevent a solution," he said.
https://middle-east-online.com/en/sistani-condemns-us-iran-confrontation-iraq

The last week has seen some exceptional volatility in OP and reactive movements in G caused by geopolitical events. In G’s case the sp took a hit but it stayed within the long term trends that have marked its boundary over the last year. It also hit the price ratio that marks its weakest performance v Brent - 2.6x. As external influences settle, including payments, G should, at the very least, return to average performance and 3x OP - an sp nearer 195p at $65 Brent.

It has shown itself capable of better, of course, and if November’s performance was to be repeated then 230p at $65 Brent would fit within the upper trend limits and previous price resistance. Based on past performance, OP would have to be higher if G is to progress beyond 230
https://invst.ly/pgc6m

When I'm about to pass a car on the motorway and it drifts towards my lane I prepare for what might happen.
When an sp drifts towards a trend line I think about what might happen. There's no prediction involved - just odds.

That doji thingy is ordinarily 'neutral', JL. It only becomes indicative in the context of price movements leading up to it.
I usually ignore it but Wednesday looked like a textbook example of when it might correctly indicate a change of direction.

Hey JL You are bloody right.
I don't make this cr*p up you know!
It's a good name though isn't it?
There's a basis in logic - if it opens at a price and then closes at the same price the market basically can't decide whether it's moving up or down. If, during the day, it's moved high then low the market has tested which direction it should go and still hasn't decided. The longer leg shows which one it has tested hardest. So if your doji comes after a run up or a run down then the doji essentially points to the market considering a change of direction, with the longest leg indicating the one that didn't pass the hardest test. It's not always accurate but this time it was. Like you - I apply a big pinch of salt! ATB mate.

Brent also seems to be behaving itself, potentially heading for a soft landing hopefully above the 12month average of $64. The medium (3 month) and long term (4 year) trends remain on a positively inclined track. https://invst.ly/pf-6m . The mid $60s does seem to be a sweet spot for Brent (assuming WTI around $5 lower) - the Goldilocks range for maintaining US production without driving it to excess. OPEC+ still have to exercise restraint, of course.

G following the chart playbook today, for once. Many of the recent sellers presumably back on board again.
https://invst.ly/pfzas
G v OP ratio back up to 2.75x - not brilliant but better than 2.6x. Hopefully heading for 'home territory' ie 3x before a spring holiday in the sunshine at 3.5x or more. Here's the last five days: https://invst.ly/pfzds